Virtualstock Company Research Report
Company Overview
Name
Virtualstock Limited
Mission
Virtualstock aims to enable organizations to significantly increase online sales revenue, reduce operational costs, and improve customer experience through a consultative and flexible approach and continuous client-led innovation.
Founded
No information is available.
Founders
No information is available.
Key People
- Ed Bradley: CEO of Virtualstock
Headquarters
Work.Life, The White Building, 33 Kings Road, Reading, RG1 3AR, UK
Number of Employees
No information is available.
Revenue
- $0.7 billion+ in total sales through the Virtualstock platform in 2023.
Known For
Virtualstock is Europe's largest dropshipping and curated marketplace SaaS platform. It is recognized for helping organizations enhance online sales, streamline supplier and stock management, and deliver a superior customer experience.
Products
Core Offerings
1. Dropshipping Solutions
- Enables retailers to offer extended product ranges without upfront stock costs or warehousing obligations. Aids in rapid supplier onboarding and fast time-to-value.
2. Curated Marketplace Solutions
- Allows retailers to expand their online product catalog without risk, introducing alternative sellers while maintaining brand control. Enhances product choice for customers.
3. Public Sector Procurement Solutions
- A tailored procurement marketplace solution, however, specific functionalities are not detailed in the provided information.
Key Features of Products
- Supplier & Stock Management: Real-time visibility and automated reporting to manage stock levels, order tracking, and supplier performance.
- Customer Experience Modules: Facilitates smoother transactions, provides more product choice, and enhances the overall customer journey.
- Order & Returns Management: Distributed Order Management to streamline supplier-customer interactions and order fulfilment.
- Stock Updates: Real-time updates from suppliers to avoid overselling.
- Track and Trace: Constant monitoring of order status post-dispatch.
- Invoice Reconciliation: Ensures transparency and efficiency in invoicing between retailers and suppliers.
- Product Induction: Streamlines product setup with a focus on speed to market.
- Reporting: In-depth supplier compliance and performance reporting.
Recent Developments
New Products Launched
No specific new products launched are mentioned.
New Features Added to Existing Products
No specific new features are stated.
Partnerships
- Bensons for Beds Partnership: Virtualstock has partnered with Bensons for Beds to enhance their dropshipping capabilities.
- Linnworks Partnership: Partnered to increase visibility and automation across eCommerce channels for retailers and retail suppliers.
Other Developments
- Currys Success: Virtualstock's modular technology facilitated exceptional vendor management and the customer journey for Currys' dropship products.
- Robert Dyas Milestone: Celebrated a milestone with 500 dropship suppliers linked through Virtualstock.
- Kingfisher Contract Extension: Virtualstock extended a three-year contract with Kingfisher, reinforcing their position as a reliable dropshipping partner.
Contact Information
- Sales Contact: +44 (0) 118 315 0950, sales@virtualstock.com
- General Inquiry: info@virtualstock.com
- HQ Location: Work.Life, The White Building, 33 Kings Road, Reading, RG1 3AR, UK
This report has been crafted to provide a detailed overview of Virtualstock, emphasizing its market position, product offerings, and recent corporate developments.
